ProShare Advisors LLC Trims Stake in Donnelley Financial Solutions, Inc. (NYSE:DFIN)

ProShare Advisors LLC lessened its holdings in Donnelley Financial Solutions, Inc. (NYSE:DFIN) by 23.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,813 shares of the company’s stock after selling 1,176 shares during the period. ProShare Advisors LLC’s holdings in Donnelley Financial Solutions were worth $227,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC grew its stake in Donnelley Financial Solutions by 72.3% in the 2nd quarter. CWM LLC now owns 472 shares of the company’s stock worth $28,000 after buying an additional 198 shares in the last quarter. nVerses Capital LLC bought a new stake in shares of Donnelley Financial Solutions during the 2nd quarter worth $48,000. Quest Partners LLC purchased a new position in Donnelley Financial Solutions in the second quarter worth $197,000. Caprock Group LLC bought a new position in Donnelley Financial Solutions in the second quarter valued at $201,000. Finally, Entropy Technologies LP bought a new position in Donnelley Financial Solutions in the first quarter valued at $209,000. Institutional investors own 93.84% of the company’s stock.

Donnelley Financial Solutions Stock Performance

Donnelley Financial Solutions stock opened at $66.09 on Friday. The firm has a fifty day simple moving average of $65.79 and a two-hundred day simple moving average of $62.94. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.41. Donnelley Financial Solutions, Inc. has a twelve month low of $51.06 and a twelve month high of $71.01. The company has a market capitalization of $1.94 billion, a PE ratio of 20.15 and a beta of 1.36.

Donnelley Financial Solutions (NYSE:DFIN) last released its earnings results on Wednesday, July 31st. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.08. The company had revenue of $242.70 million during the quarter, compared to analyst estimates of $247.70 million. Donnelley Financial Solutions had a return on equity of 25.45% and a net margin of 13.22%. Research analysts expect that Donnelley Financial Solutions, Inc. will post 3.02 EPS for the current year.

Insider Buying and Selling at Donnelley Financial Solutions

In other news, insider Craig Clay sold 400 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $66.10, for a total value of $26,440.00. Following the transaction, the insider now owns 148,348 shares in the company, valued at approximately $9,805,802.80. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Daniel Leib sold 2,881 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $70.03, for a total transaction of $201,756.43. Following the transaction, the chief executive officer now owns 517,810 shares in the company, valued at $36,262,234.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Clay sold 400 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $66.10, for a total value of $26,440.00. Following the transaction, the insider now directly owns 148,348 shares of the company’s stock, valued at $9,805,802.80. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 213,744 shares of company stock worth $14,512,108. 11.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. DA Davidson upped their price objective on Donnelley Financial Solutions from $72.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Needham & Company LLC restated a “buy” rating and issued a $79.00 target price on shares of Donnelley Financial Solutions in a research report on Friday, September 27th.

Donnelley Financial Solutions Company Profile

Donnelley Financial Solutions, Inc provides innovative software and technology-enabled financial regulatory and compliance solutions in the United States, Asia, Europe, Canada, and internationally. It operates through four segments: Capital Markets Software Solutions (CM-SS); Capital Markets Compliance and Communications Management (CM-CCM); Investment Companies Software Solutions (IC-SS); and Investment Companies Compliance and Communications Management (IC-CCM).